Card 1
HintIt sets out the rules dealers and salespeople must follow.Memory TipThink of it as the rulebook for car dealers in Ontario.
Card 2
HintThey make sure car sales are fair and customers have all the information they need.Memory TipOMVIC = Ontario Motor Vehicle Industry Council.
Card 3
HintThink of it as a safety net for car buyers.Memory TipCompensation for car troubles.
Card 4
HintDealers pay these fees to OMVIC to help cover the cost of enforcement.Memory TipTransaction fee = money for every car sale.
Card 5
HintIt acts as a warning or a heads-up before a registration is revoked.Memory TipProposal to revoke = warning before car dealer license is taken away.
Card 6
HintThink of it as an independent court for car dealership disputes.Memory TipLAT = License Appeal Tribunal, a second look at OMVIC decisions.
Card 7
HintThey have a stake in the dealership's success or are in a position to influence its decisions.Memory TipPeople who have an interest in the dealer's success.
Card 8
HintThey represent the dealer in car transactions.Memory TipSalesperson = car dealer representative.
Card 9
HintThey import cars from outside Ontario to sell abroad.Memory TipOut-of-province dealer for export.
Card 10
HintThey deal with all kinds of cars!Memory TipFull-service car dealer.
Card 11
HintThey specialize in selling pre-owned cars.Memory TipUsed car dealer.
Card 12
HintThey act as middlemen in car transactions between dealerships.Memory TipWholesaler: Dealer to dealer car exchange.
Card 13
HintThey ship cars to other countries.Memory TipExporter: Cars bound for international journeys.
Card 14
HintThey specialize in long-term car leases.Memory TipLease Finance Dealer: Long-term car rental.
Card 15
HintThey lease cars for business use, not personal transportation.Memory TipFleet Lessor = Car leases for companies and businesses.
Card 16
HintThey lease cars for short periods, like vacation rentals.Memory TipShort-term Fleet Lessor: Short car rentals.
Card 17
HintIt can trick consumers into making false assumptions.Memory TipDishonest ads that can mislead buyers.
Card 18
HintIt's a directive to stop running a misleading ad.Memory TipOMVIC orders: 'Stop the misleading ad!'
Card 19
HintThey're the everyday customers buying cars for themselves.Memory TipConsumer = everyday car buyer.
Card 20
HintIt's a business structure where the company is separate from its owners.Memory TipCorporation = Business organized with separate legal identity.
Card 21
HintThey're unlicensed car sellers operating on the fringes of the law.Memory TipCurbsiders = 'Shady' car sellers.
Card 22
HintThey are self-employed and work on their own terms, not directly as employees.Memory TipIndependent Contractor = Self-employed service provider.
Card 23
HintIt's like a long-term rental of a vehicle.Memory TipLease = Long-term car rental.
Card 24
HintThink of them as the management or leaders of the corporation.Memory TipOfficers = Leaders of the company.
Card 25
HintIt's a business owned and run entirely by one person.Memory TipSole Proprietorship = One-person business.
Card 26
HintIt's all aspects of transactions and activities involving vehicles.Memory TipTrading = All car-related activities.
Card 27
HintThink of them as the manager or head of the dealership.Memory TipPerson in Charge = Runs the dealership.
Card 28
HintThey buy and sell cars in a traditional retail manner.Memory TipTraditional car dealer, bought and sold for themself.
Card 29
HintThey have the legal right to sell cars for the dealer they work for.Memory TipRegistered salesperson = Licensed car seller.
Card 30
HintThey have all the necessary licenses and permissions to run a car dealership.Memory TipRegistered Dealer = Licensed car dealership.
Card 31
HintThey specialize in shipping cars to other countries.Memory TipExporter: Cars heading for the world!